Skip to main content

Politics & Power Quote by Richard Neal

"Inherited wealth, that is not what America is based upon"

About this Quote

A jab disguised as a civics lesson, Richard Neal's line tries to reclaim "America" from the genteel inevitability of dynastic money. The phrasing is telling: "Inherited wealth" is singled out like a pollutant, then waved away with a flat corrective - "that is not what America is based upon" - as if the country's founding documents settled the question. It's politics as moral framing, not economics: the goal is to make certain fortunes feel un-American before debating how to tax them.

The subtext is a familiar Democratic (and occasionally populist Republican) move: recast redistribution as patriotism. Neal isn't just arguing for policy; he's building a permission structure for it. If inherited wealth violates the national story, then cracking down on it becomes restoration, not punishment. That matters in a country where "success" is treated as a private virtue and taxation as a public suspicion.

The line also banks on selective history. America has always had inherited wealth - from early landholding elites to Gilded Age families to today's trusts and foundations - but it has also marketed itself as a place where pedigree shouldn't be destiny. Neal is pulling on the latter myth because it's the one that still moves swing voters: the idea that the game is supposed to be open, even if everyone knows the richest players started on third base.

Contextually, the quote fits the recurring fights over estate taxes and capital rules, where opponents brand reforms as "death taxes" and defenders counter with something like this: inheritance isn't earned, and democracy shouldn't be hereditary.

Quote Details

TopicWealth
SourceHelp us find the source
More Quotes by Richard Add to List
Inherited Wealth: Not America's Foundation
Click to enlarge Portrait | Landscape

About the Author

USA Flag

Richard Neal (born February 14, 1949) is a Politician from USA.

23 more quotes available

View Profile

Similar Quotes

Pierre-Joseph Proudhon, Economist